A simple straightforward short answer. You can change bank account in Zerodha online by visiting your \profile page\ in Zerodha Console. But, there are certain conditions for it. Let's discuss this a bit in detail.
There are many situations where Zerodha clients want to change, update or add their registered primary and secondary bank account details. However it may sound overwhelming for the clients, but it is very simple with the active Zerodha account.
If you wish to change the primary bank account online all you need to do is simply, visit the profile page on Console and on that page you can easily find an option to modify the primary bank. After submitting a request it will take 24 to 48 hours to link the primary bank account.
You can modify primary bank account online only if you are a Resident Individual and your mobile number is linked to your Aadhaar card.
In case your mobile number isn't linked to your Aadhar, here's a simple offline process to change your bank account with Zerodha:
1.Visit Zerodha.com
2 Go to the 'Downloads & resources' link in the footer 'Support' section.
3.Then, download the 'Account modification form' from the 'Change request forms' section.
4.Get the form printed from the web page and fill the details.
5.Sign is mandatory in all the required places.
6.Add proof documents of the respective bank account.
7.Send the filled form to Zerodha’s head office.
1.A self-attested copy of the bank statement with IFSC code and MICR number.
2.Cancelled cheque (client name must be printed on the cheque)
3.A self-attested copy of a bank passbook.
You are authorized to link 1 primary bank and up to 2 secondary bank accounts to your Zerodha account. With a primary bank account, you can make withdrawals to your trading account and add funds. While the secondary bank accounts can be used to add funds only.
By sending updated documents to Zerodha you can change an existing account or add a new bank account. You may also do it by sending hard copies as well as offline by emailing scanned copies to them.
Note: An amount of Rs.25 + applicable GST is charged for both online and offline modifications by Zerodha.
As an existing client of Zerodha, you must have already added your respective bank details to Zerodha account and by default, this is mapped as your primary bank account. If you wish to add another bank account then it will automatically fall under the secondary bank account.
There is a very simple procedure that you have to follow i.e. you need to provide proof of a bank account like submitting a scanned copy of a personalized cancelled cheque or a bank statement with IFSC and MICR code which must be self-attested. After submitting the documents it will take 24 hours to link the secondary bank account.
Note: The account holder name should be the same as the name which is registered in Zerodha account.
Now in just a single click add a secondary bank account! You can raise a ticket at Zerodha to submit a scanned copy of any one accepted bank proofs.
So, this is how you can basically change your bank account with Zerodha. *Have you tried it? Was it a simple process or did you find it a bit tricky? Do share your views. *
You cannot open more than one individual demat account with one PAN card in Zerodha. However, if you already have a demat account with Zerodha and want to open a second joint demat account with the same PAN card, that is possible to do so.
You are required to fill up and submit a number of forms and documents via post to open a Zerodha account as an NRI. Continue reading and be informed.
To close an Axis Direct Account one has to download and Print the Axis Direct Account Closure Form, Fill it with the correct details and go to their nearest Axis Bank branch with the necessary documents such as An Identity Proof & Address Proof and an Axis Bank official will verify all the mentioned details and start the process on completion of successful verification.
Zerodha is India’s largest and most trusted stockbroker with more than 3.4 million active clients. You can open an account with Zerodha easily by following some simple steps. Make sure you have all the necessary documents before you start with the account opening process.
Absolutely, you can open two or more demat accounts with one single bank account. You can, later on, add other bank accounts to your demat account as per your requirements.
The Axis Direct Demat Account Closure Process is quite simple. You need to fill up the account closure available online and submit it at the nearest branch or post it to the address mentioned in the form.
DP means Depository Participant and they act as go-betweens for the depository and the traders. It is the first 8 digits of the Demat account number. For more details, you can read through the expanded version.
If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.
Adding Funds to Zerodha online is an extremely straightforward process. There are two methods by which you can transfer money to your Zerodha account. They are UPI and Net banking. Adding funds using the UPI method is more convenient. Know the details.
Adding money to Zerodha using UPI is the most commonly used method and is the most popular among the other methods. It is totally free and can be done with the help of any UPI application like Google Pay or BHIM UPI. This process can be done seamlessly with the help of Zerodha's web application as well as the mobile application- "KITE".
Harshil Patel
Changing the primary bank account is simple and straightforward. However, you can have only three bank accounts linked. One primary and two secondary. For changing any one of these, you will need different forms to be filled out and submitted to be approved. Quite a lengthy step but gets the job done within 24-48 hours.